RollinThundr wrote on Oct 30, 2013, 11:14:You're moving the goalpost, now it's only CEO's don't get fired, a minute ago it was no one in business ever gets fired.

No, no I am not. I am using CEOs as examples because they are high profile and it's easy to look at them - Johnny QA being fired never makes headlines.

But, to your point, in my first paragraph I say "President and VP," neither of whom are CEOs, and in my second paragraph I say "People," who certainly aren't CEOs.

Only my second to last sentence says "CEO." It isn't my fault you can't read and project that to all the lines you read before.

The reason they don't say fired is because they step down to save face, it's the same thing, if the share holders want a change, a change they get. Share holders being people, like you and me.

Lol. Most shareholders have little power over consequences for a CEO. They may step down after a major fuckup, but they're still gonna get paid tens of millions on the way out.

Because their contracts say that I'd imagine. Shareholders have more power than you think however.

When, in the last 40 years, has a change been brought about by shareholders other than someone with 5% or more of the company?It does not happen.

Your belief in shareholder power is antiquated and naïve. Only a very small amount of shareholders have any power, and these days it's almost exclusively fund managers. Most companies are somewhere between 15% and 33% fund held. Those funds hold power. The hundreds of thousands of other shareholders have no power at all relative to them (interestingly, do you know how tiny a portion of Americans hold any stock at all?)

Much like my believe in the Constitution right? Naive and antiquated?

"Oh shit I don't know what I'm talking about... NON SEQUITUR GO!""You can lead a horse to water but you can't make him drink because you're a liberal."